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Topic: Super majority


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In the News (Wed 15 Feb 12)

  
 The Business Journal   (Site not responding. Last check: 2007-10-08)
Shareholders learned the company did not receive the required 80% super majority vote, or 43 million shares, to give the company the opportunity to attract an investor and ultimately acquire assets to improve its competitiveness.
The super majority system would have remained in effect for all other types of shareholder issues.
Elimination of the super majority vote would have enabled the company to move quickly in attracting a financial partner to make acquisitions of distressed steel operations.
www.business-journal.com /LateDec02/Weirtonplan.html   (549 words)

  
 Rule Comment on S7-23-99 by Independent Directors of ICAP FUNDS, INC.
We are of the view that if a simple majority of a fund's board is independent, this is sufficient to allow the independent directors to exercise their role as the independent "watchdogs" of fund management.
In our situation, if a simple majority requirement is imposed, the Board will in all likelihood handle this by asking the requisite number of interested directors (which would be three) to resign, resulting in two interested and three disinterested directors.
Based on the foregoing, we believe a simple majority requirement to be sufficient to protect the integrity of fund boards and the interests of fund shareholders, and that a super-majority requirement serves no additional useful purpose and, in fact, would be quite burdensome, particularly for smaller fund complexes, like ours.
www.sec.gov /rules/proposed/s72399/gentry1.htm   (1940 words)

  
 Rules of Order
It reduces parliamentary maneuvers that block the majority's will such as killer amendments or requiring a particular option to win a majority against all others put together.
It is to the interest of the assembly that this object should be attained instantly by a majority vote, and therefore this motion must either apply to, or take precedence of, every debatable motion whatever its rank.
The motion to lay on the table being undebatable, and requiring only a majority vote, and having the highest rank of all subsidiary motions, is in direct conflict with these principles, if used to suppress a question.
accuratedemocracy.com /docs/l_motion.doc   (862 words)

  
 Liberty Amendment: Thoughtful Freeper input requested [Free Republic]
Super majority voting requirements is the only hope we have to protect liberty under democratic government.
Contrary to the critics of super majorities, it is not minority rule to require super majorities to enact laws.
If nothing else, a campaign to adopt a super majority requirement would emphasize to everyone that government is force and that the powerful in government are eager to continue using force to impose their will on substantial segments of the population.
www.freerepublic.com /forum/a3a0c15873413.htm   (5393 words)

  
 CNS Survey: Super-Majority Supported for Tax Hike -- 01/25/1999   (Site not responding. Last check: 2007-10-08)
The overwhelming majority of people who responded to a Conservative News Service poll last week said it should be just as difficult to raise taxes as it is to convict a president or other federal official on articles of impeachment.
The super-majority for raising taxes in the Contract with America called for a three-fifths majority, slightly lower than the two-thirds majority mentioned in the poll question, and was part of the GOP's proposed balanced budget amendment to the Constitution.
While the amendment has received majority support in Congress in the past, it has fallen short of the majority necessary to be sent to the states for ratification.
www.cnsnews.com /indepth/archive/199901/IND19990125e.html   (399 words)

  
 What the Founding Fathers had to say about majority rule
In all cases where justice or the general good might require new laws to be passed or active measures to be pursued, the fundamental principle of free government would be reversed.
that all provisions which require more than the majority of any body to its resolutions have a direct tendency to embarrass the operations of the government and an indirect one to subject the sense of the majority to that of the minority.
"Majority rule must be preserved as the safeguard of both liberty and civilization.
www.initiativefortexas.org /supermajorityquotes.html   (400 words)

  
 Tyranny of the Majority: What Was Really Going on in the Senate?
Parliamentary procedure is the Senate’s “rule of law.” Without that, there would be a tyranny of the majority and potential chaos, much the same as we see in the societies we are now trying to “civilize” who have not had a rule of law guiding their procedures.
In fact, the current requirement for 60 votes for cloture was approved by a 2/3 majority vote from the 67 previously required.
Once that issue was decided by the Chair, a simple majority could vote cloture and they could move to a simple majority vote on the judicial candidates.
www.buzzflash.com /contributors/05/05/con05188.html   (1071 words)

  
 ISU Extension News Release
Six of seven states with super majority requirements had higher than average growth of state and local revenues as a percent of personal income from 1979 to 1989.
A rigorous analysis looking for causal impacts resulting from the implementation of super majority voting requirements would have excluded the three states that adopted the rules during the analysis period because the impacts are not likely to show up until a few years after implementation.
The point is that much of the study's reported change in bond ratings, property tax increases and state education spending that TEF credited to the super majority voting rules is likely to have been due to a multitude of factors other than the passage of super majority voting rules.
www.extension.iastate.edu /newsrel/1999/mar99/mar9909.html   (848 words)

  
 Supermajority -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-08)
A supermajority or a qualified majority is a requirement for a proposal to gain a specified level or type of support which exceeds a (additional info and facts about simple majority) simple majority in order to have effect.
For example: in some jurisdictions, (A body of rules followed by an assembly) parliamentary procedure requires that any action that may alter the rights of the (Any age prior to the legal age) minority has a supermajority requirement (such as a (additional info and facts about two-thirds majority) two-thirds majority).
Changes to (The act of forming something) constitutions, especially those with (additional info and facts about entrenched clause) entrenched clauses, commonly require supermajority support in a (Persons who make or amend or repeal laws) legislature.
www.absoluteastronomy.com /encyclopedia/s/su/supermajority.htm   (178 words)

  
 2002 Proxy Statement   (Site not responding. Last check: 2007-10-08)
Approval of this proposal would require the affirmative vote of a majority of the outstanding shares of Boeing stock present in person or by proxy and entitled to vote at the Annual Meeting.
The proposal purports to require that matters be subject to a "simple majority vote on all issues" without regard to the role of the Board of Directors.
Proponent's 2001 simple majority vote proposal received 47.39% of the shares present and entitled to vote at the meeting.
www.boeing.com /companyoffices/financial/finreports/annual/02proxy/item11.html   (1041 words)

  
 Asia Times - Asia's most trusted news source
Twenty years from now the US religious majority may have a super-majority at all levels of government.
Within one generation (assuming a 0.5% death rate for both groups), evangelicals will form a majority of 61% of the population.
Professor Robert Wuthnow of the Brookings Institution has argued that higher birthrates explain the surging numbers of parishioners at evangelical churches as well as the shrinking count of liberal (or "mainline") Protestants.
www.atimes.com /atimes/Front_Page/FK09Aa02.html   (730 words)

  
 KOMO : House OKs Simple Majority For School Levies   (Site not responding. Last check: 2007-10-08)
It provides that a levy must be approved by a "super majority" of at least 60 percent.
Under the proposed constitutional amendment, voters could eliminate the super majority and the 40 percent turnout requirements.
The super majority requirement is simply not fair, many representatives said.
www.komotv.com /news/printstory.asp?id=35382   (523 words)

  
 [No title]   (Site not responding. Last check: 2007-10-08)
Missouri is one of only three states that require a two-thirds majority vote for local school district bonds and one of only nine states to require more than a simple majority vote.
Oftentimes, a majority of the voters are more than willing to approve such local tax increases, but a minority of voters overrules that majority because of our state’s supermajority vote requirement.
It should be possible in any school district, rural, urban or suburban, for the majority to decide whether to invest in building additional classrooms to reduce class size, repairing crumbling schools, wiring their schools for computers or other communications or educational technology, or leaving things as they are.
www.msbanet.org /docs/faqs.doc   (2824 words)

  
 Process for one-story-only zoning made easier for LA neighborhoods -- Los Altos Town Crier
Neighborhoods told the council that including non votes as no votes and getting a super majority was difficult since neighbors who choose to be neutral and not vote could greatly effect the outcome.
Jay Street resident Leslie Lodestro, who was a major force in pushing such an ordinance through city hall, said her neighborhood stopped its application because two houses went on the market.
Even though all of the neighbors supported the overlay zone, neighbors would not have been able to achieve the super majority needed if the city counted the two vacant houses' non votes as no votes, she said.
latc.com /2001/11/21/news/news7.html   (414 words)

  
 Budget Gridlock: Rival Views on 2/3 Vote -- The Case for a Super Majority
In addition to the two-thirds majority vote requirement, the Legislature is also required by the state Constitution to pass the budget by June 15.
The budget is not late because of the two-thirds majority vote, but because of long negotiations between the governor and legislators.
Some of those who support a simple-majority vote on the budget have argued that a compromise voting arrangement could be implemented, with a simple majority for the budget and a two-thirds majority for tax bills.
www.caltax.org /MEMBER/digest/oct98/oct98-6.htm   (665 words)

  
 Where would we be with it? (Financial Accounting Standards Board's supermajority voting rule)
This article examines the history of majority requirements by the prior authoritative boards and what the state of GAAP would be had the supermajority always been in place.
Even though the APB had a two-thirds majority requirement, there were still a number of opinions that passed with quite a few dissenters.
A review of the topics identifies several major items and controversial issues, such as pensions, foreign currency, inflation accounting, and cash flows.
www.nysscpa.org /cpajournal/old/11583341.htm   (1253 words)

  
 2004 Proxy Statement
For example, this approval is required for the adoption or the alteration, amendment or repeal of certain provisions of the Certificate of Incorporation and the By-Laws, including those relating to shareholder meetings, the number and removal of directors, the filling of vacancies on the Board of Directors, the classification of the Board and cumulative voting.
The vote requirement for such changes is reduced to a majority of the outstanding shares if the Board, in the exercise of its fiduciary duties, finds that such actions are in the best interests of the Company and its shareholders.
It should be noted that although last year a similar simple majority vote shareholder proposal was approved by a majority of the shares present or represented by proxy and entitled to vote at the meeting, it received approval of only 34.54% of the outstanding shares entitled to vote.
www.boeing.com /companyoffices/financial/finreports/annual/04proxy/item7.html   (869 words)

  
 Fredrikson & Byron, P.A. - Legislative Changes Impacting Land Use and Related Statutory Provisions   (Site not responding. Last check: 2007-10-08)
The Legislature amended the law so that the statutory voting requirement imposed upon municipalities (not counties) is no longer a two-thirds super majority in most instances.
Specifically, the amended language states that a municipality may rezone property with the approval of a simple majority of all members of the governing body.
The exception to the rezoning rule is an instance where a request seeks a change from a residential use to either a commercial or industrial use, in which case the statute continues to require municipalities to approve those requests by a two-thirds super majority vote.
www.fredlaw.com /articles/realestate/real_1004_gwm.html   (1090 words)

  
 Print Message   (Site not responding. Last check: 2007-10-08)
Anyway, that is their fault and their lack of voting says they "don't care" not that they are a silent majority...
It takes a super majority, or 2/3rds vote of both the House and the Senate to make a change in the Constitution.
The minority opinion is protected until both houses reach a super majority of 2/3rds...
www.suite101.com /print_message.cfm/investing/25751/559325   (246 words)

  
 Ending super majority votes is the fair thing to do
When voters are asked to renew or increase local school districts' maintenance and operations levies, the votes of those who say no outweigh the votes of those who say yes.
An amendment to the state constitution added during the Depression, driven by that era's unique fear of losing farms to delinquent taxes, raised the levy passage bar from a simple to a super majority.
That begins with passage by two-thirds of both houses of the Legislature, ratified by approval from a majority of voters statewide.
seattlepi.nwsource.com /opinion/157371_voteed.html   (242 words)

  
 KTN Supports Super Majority Amendment   (Site not responding. Last check: 2007-10-08)
A majority of the U.S. House of Representatives voted for a super majority for raising federal taxes in 1995.
The state of Nevada added a provision requiring a super majority before state taxes could be raised in 1996.
Oklahoma's Initiative 640 requires a super majority of the legislature or a vote of the people before state taxes can be raised there.
www.kansastaxpayers.com /legis9.html   (298 words)

  
 djournal.com   (Site not responding. Last check: 2007-10-08)
The so-called "compromise" by 14 Senate "moderates" over the nomination of judges to the federal bench was a victory for an institution and a defeat for the Constitution.
This agreement firmly establishes the 60-vote super majority as a hurdle, however remote, that all future judges must clear.
Republicans increased their majorities in the House and Senate and President Bush won re-election largely because most voters perceived them as having principles and wanting to restrain the moral and social mudslide that judges have assisted in bringing forth on this nation.
www.djournal.com /pages/story.asp?ID=194079&pub=1&div=Opinion   (522 words)

  
 Weirton Steel To Continue Survival Strategy Despite Vote Tally; Super Majority Vote Not Attained To End Super Majority ...
Weirton Steel Corp.’s top official today said the company will not waiver in its long-term survival strategy despite failure to secure a super majority shareholder vote to make a major change to the company’s charter and bylaws.
Shareholders learned the company did not receive the required 80 percent super majority vote, or 43 million shares, to give the company the opportunity to attract an investor and ultimately acquire assets to improve its competitiveness.
However, we fell short of receiving the 80 percent super majority shareholder approval required by our corporate governance.
www.weirton.com /company/invest/press/press121102.html   (602 words)

  
 Allegheny Energy, Inc.; Rel. No. 35-27857 / June 15, 2004
At the 2003 annual meeting of stockholders, a majority of stockholders voted in favor of eliminating super-majority voting requirements.
Since the proposal to require majority voting on all matters submitted for a stockholder vote was approved by the stockholders, the Board intends to amend the bylaws or the charter to exempt Allegheny from the Control Share Act.
A majority of stockholders voted in favor of eliminating the classified board system at the 2001, 2002 and 2003 annual meetings of stockholders.
www.sec.gov /divisions/investment/opur/filing/35-27857.htm   (1383 words)

  
 OSCN Found Document:SUTTER v. SUTTER RANCHING CORP.
In their answer, defendants denied that plaintiff was entitled to seek dissolution of the corporation alleging that he specifically consented to a provision in the certificate of incorporation of Sutter Ranch which requires the consent of the holders of 75% of the shares to dissolve and liquidate.
The resolution to dissolve the corporation by the board of directors must be subsequently approved by a majority of the shareholders.
The super-majority provision in the amended and restated certificate of incorporation of Sutter Ranch does not preclude plaintiff from petitioning the court for dissolution of the corporation under 18 O.S.1991, § 953(D).
www.oscn.net /applications/oscn/deliverdocument.asp?citeid=27   (3295 words)

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